Friar Hass on the Passion of the True Believers, Tithing Bitcoin, Dollar Cost Averaging & Stacking Sats for Salvation
8/8/2021 · 85 min · transcript via mlx
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Key topics
— Bitcoin as a non-theistic religion centered on censorship resistance, property rights, and low time preference; Satoshi as the first believer and Hal Finney as the first apostle.
— The religious hierarchy of Bitcoin: fundamentalists (living off-chain principles fully), true believers (devoted to Bitcoin's philosophy), preachers (storytellers and educators), sufferers (those who bought poorly and learned discipline), and hodlers (passive holders).
— Tithing to Bitcoin through daily stacking and dollar-cost averaging as spiritual practice and charity, distinct from traditional religious tithes because buying Bitcoin stabilizes the currency for the unbanked.
— Submission to Bitcoin's natural laws and incentive structure as essential to finding peace; Bitcoin's fairness lies in its indiscriminacy—hard money treats everyone equally regardless of circumstance.
— Economic judgment day occurring March 20, 2020, when the Federal Reserve cut rates to zero, marking the beginning of hyper-Bitcoinization and the death of fiat (though the body still bleeds).
— Bitcoin's superiority over fiat not as speculation but as engineering principle; Lightning Network as the civil engineering tool of 2021 enabling micropayment infrastructure integration.
Market & price signals
— Price is the story and the only barometer of success. All pure money was worth $1 trillion; now worth ~$600 billion versus evil money (fiat, stablecoins, altcoins) worth over $1 quadrillion. If 3% of the world's adult population bought $10/day of Bitcoin, Bitcoin would reach $2 million per coin in this era, doubling after the next halving. Historical example: buying daily between December 2013 and April 2017 (when Bitcoin price was flat in nominal terms) yielded 7–8 BTC despite zero capital appreciation. McCook personally bought through 18 consecutive dips and was down 84% before the bull market recovery.
Actionable insights
— Begin tithing to Bitcoin immediately, however small ($10/day, weekly, or whatever is sustainable), because DCA mathematically outperforms timing the market and submission to this discipline builds conviction and humility.
— Accept that price suffering is spiritual medicine; if you cannot endure bear markets without selling, you have not found true belief—use bear markets to prove conviction by continuing to buy, not to test paper losses.
— Do not hold fiat beyond 2–3 months of emergency expenses; migrate remaining income to Bitcoin daily via automation to remove emotion and ego from purchasing decisions, treating each buy as both charitable tithing and personal sovereignty practice.
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